Milwaukee-based Rexnord Corp. has acquired Cline Acquisition Corp. of Taylors, S.C., from BB&T Capital Partners.
The transaction was announced by Quarton Partners, which assisted BB&T Capital.
Cline is a provider of aftermarket power transmission parts and services to the pulp and paper, steel and other end markets.
BB&T Capital Partners is a private equity firm located in Winston-Salem, N.C.
Rexnord is a global industrial manufacturer comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 7,300 employees worldwide.
Rexnord’s board of directors announced earlier this week that is exploring strategic options for the future of the company, including the possible sale of the firm.
